Diversified Energy Company(DEC)
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Best Income Stocks to Buy for September 3rd
ZACKS· 2024-09-03 16:31
Here are three stocks with buy rank and strong income characteristics for investors to consider today, September 3rd: Medical Properties Trust, Inc. (MPW) : This real estate investment trust has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.1% over the last 60 days. This Zacks Rank #1 company has a dividend yield of 13.3%, compared with the industry average of 4.3%. Diversified Energy Company PLC (DEC) : This owner and operator of natural gas and oil w ...
Best Income Stocks to Buy for August 27th
ZACKS· 2024-08-27 21:50
Here are three stocks with buy rank and strong income characteristics for investors to consider today, August 27th: Diversified Energy Company PLC (DEC) : This energy company focused on natural gas and liquids production, transport, marketing and well retirement, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 41.6% over the last 60 days. This Zacks Rank #1 (Strong Buy) company has a dividend yield of 9.0%, compared with the industry average of 0.0%. Farmers National Banc ...
New Strong Buy Stocks for August 27th
ZACKS· 2024-08-27 21:13
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: LSI Industries (LYTS) : This mage Solutions company, which combines integrated design, manufacturing, & technology to supply its own high quality lighting fixtures and graphics elements for applications in the retail, specialty niche, & commercial markets, has seen the Zacks Consensus Estimate for its current year earnings increasing 10.0% over the last 60 days. Precision Drilling (PDS) : This oilfield services company which provides c ...
Diversified Energy (DEC) Acquires East Texas Assets Worth $69M
ZACKS· 2024-08-21 22:05
Diversified Energy Company PLC (DEC) has inked a conditional purchase and sale agreement to acquire certain operated natural gas properties from a regional operator for $68 million. The assets are located in east Texas. Furthermore, a third-party development firm has agreed to acquire additional undeveloped acreage from the regional operator for a total consideration of $19 million. DEC has stated that it would acquire a minority 5% stake in the undeveloped acreage for $1 million. The gross purchase price o ...
Diversified Energy Company(DEC) - 2024 Q2 - Earnings Call Presentation
2024-08-16 09:34
业绩总结 - 2024年上半年,公司生成了1.21亿美元的自由现金流,年化收益率为38%[12] - 2024年上半年,公司调整后的EBITDA为2.18亿美元,净债务与调整后EBITDA的比率为2.6倍[12] - 2024年上半年,公司的现金边际为50%或更高,自2017年以来保持稳定[12] - 2024年上半年每单位的资本强度为0.15美元/Mcfe,显示出较高的资本效率[20] - 2024年上半年每单位的总商品收入为3.05美元/Mcfe,超过亨利中心结算价格47%[22] - 2024年上半年现金成本为每千立方英尺2.39美元[35] 股东回报与资本管理 - 公司在2024年上半年分配了约6500万美元的股息和股票回购[12] - 每股固定股息为1.16美元,提供可持续的资本回报结构[37] - 公司计划减少约1.85亿美元的借款,降低杠杆至目标范围的下限[37] 收购与市场扩张 - 公司宣布以3.77亿美元的价格收购Oaktree Capital Management的工作权益,预计未来现金流为1.26亿美元[17] - 公司以1亿美元的价格收购Crescent Pass Energy的中央地区附加资产,预计未来现金流为2600万美元[18] - 公司持有860万净英亩的未开发土地,未开发土地占总面积的约65%[30] - 2024年土地销售总额约为1500万美元[33] 对冲与市场策略 - 2024年天然气对冲平均底价为每百万英热单位3.34美元,较NYMEX条款高出40%[35] - 2024年天然气销量的60-80%已对冲,未来五年内的对冲量将有助于战略性捕捉市场价值[35] - Diversified Energy的企业价值/共识EBITDA为11.4倍,较历史平均折扣25%[34] 未来展望与效率提升 - 预计2024年下半年将实现强劲的现金流[35] - 预计通过战略收购提升利润率并释放成本协同潜力[39] - 通过高效的现代化现场管理,提升生产效率和响应速度[39]
Diversified Energy Company(DEC) - 2024 Q2 - Earnings Call Transcript
2024-08-16 09:34
财务数据和关键指标变化 - 公司在2024年上半年实现了121百万美元的自由现金流,自由现金流收益率达到38% [9] - 公司偿还了108百万美元的ABS票据本金,持续推进系统性债务减少 [9] - 公司在上半年支付了65百万美元的股息和股票回购,持续回报股东 [9][10] - 公司在过去7.5年内共向股东返还了超过850百万美元的资本 [11] 各条业务线数据和关键指标变化 - 公司在过去3个财务季度实现了0%的产量下降,显示出公司在现有资产上的出色运营能力 [10][11] 各个市场数据和关键指标变化 - 公司在俄克拉荷马州拥有大量未开发土地资产,仅该部分就可能价值超过800百万美元 [23][24][25][26] 公司战略和发展方向及行业竞争 - 公司专注于低资本支出强度(10%)、高现金利润率(50%)的运营模式,实现了较高的自由现金流转换率(55%) [17][18][19][20][21] - 公司通过收购Crescent Pass和Oaktree资产,继续执行其有价值的收购战略 [13][14][15][16] - 公司目前股价较同行业平均水平有37%的折价,存在较大的估值提升空间 [27][28] 管理层对经营环境和未来前景的评论 - 管理层认为天然气市场波动性较大,但公司的对冲策略和资产组合管理能力使其能够保持较高的现金利润率 [19][20] - 管理层预计未来会有更多资产并购机会出现,公司有信心继续执行其有价值的收购策略 [41][42][43][44] 其他重要信息 - 公司高度重视技术和数字化转型,建立了可扩展、高效的IT/OT系统,支持公司快速整合新收购资产 [33][34] - 公司采取平衡的资本配置策略,在债务偿还、股东回报和新资产收购之间保持灵活性 [35] 问答环节重要的提问和回答 问题1 **Bertrand Donnes 提问** 询问公司是否有更多类似Crescent Pass的收购机会,以及当前市场环境对收购的影响 [41][42][43][44] **Rusty Hutson 回答** - 公司认为当前天然气价格走势呈现"倒挂"态势,但这种情况下公司仍能获得较高的净现金回报率 - 预计未来会有更多资产出售交易,公司将继续关注具有吸引力的收购机会 问题2 **Tim Hurst-Brown 提问** 询问公司最近几个季度产量保持平稳的原因,以及未来是否会恢复之前的8-10%的自然衰减率 [48][49][50] **Brad Gray 和 Rusty Hutson 回答** - 公司在Appalachian和中部地区的优化项目取得了良好成果,帮助抵消了自然衰减 - 预计未来几个季度公司产量将逐步回归到高单位数的自然衰减水平 问题3 **Simon Scholes 提问** 询问公司是否有加快未开发土地资产出售的计划,以及相关的税收影响 [55][56][59] **Rusty Hutson 和 Brad Gray 回答** - 公司会根据市场需求适时加快未开发土地资产的出售 - 由于公司享有一定的税收优惠,出售这些资产不会产生过多的税收负担
Decade to Investigate Potential New VMS Zone at Terrace BC - Assays up to 79.12 g/t Gold and 927 g/t Silver Obtained from Float VMS Mineralization on the Nobody Knows Zone of Decade Terrace Property
Newsfile· 2024-08-06 20:00
Decade to Investigate Potential New VMS Zone at Terrace BC - Assays up to 79.12 g/t Gold and 927 g/t Silver Obtained from Float VMS Mineralization on the Nobody Knows Zone of Decade Terrace Property August 06, 2024 8:00 AM EDT | Source: Decade Resources Ltd. Stewart, British Columbia--(Newsfile Corp. - August 6, 2024) - Decade Resources Ltd (TSXV: DEC) ("Decade") reports that it has received assay results for an indicated new VMS zone within the Nobody Knows zone. The project is part of a large claim holdin ...
Diversified Energy Company(DEC) - 2023 Q4 - Annual Report
2024-03-20 00:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ¨ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...
Diversified Energy Company(DEC) - 2023 Q4 - Earnings Call Presentation
2024-03-19 22:08
2023 Final Results & Acquisition Highlights The information contained in this document (the "Presentation") has been prepared by Diversified Energy Company PLC ("Diversified" or the "Company"). This Presentation is not to be copied, published, reproduced, distributed or passed in whole or in part to any other person or used for any other purpose. This Presentation is for general information purposes only and does not constitute an invitation or inducement to any person to engage in investment activity. Whil ...
Diversified Energy Company(DEC) - 2023 Q4 - Earnings Call Transcript
2024-03-19 22:06
Diversified Energy Company PLC. (OTCQX:DEC) Q4 2023 Earnings Conference Call March 19, 2024 4:00 AM ET Company Participants Douglas Kris - VP, IR Robert Hutson - CEO Bradley Gray - President & CFO Conference Call Participants David Round - Stifel Matt Cooper - Peel Hunt Tim Hurst-Brown - Tennyson Securities Simon Scholes - First Berlin Noel Parks - Tuohy Brothers Alex Smith - Investec Mark Wilson - Jefferies Operator Ladies and gentlemen, good morning. And welcome to Diversified Energy 2023 Final Results Ea ...